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  • #141
  • Apr 20, 2020 9:08am Apr 20, 2020 9:08am
Laura how do you apply the rsi ?
  • #142
  • Apr 20, 2020 9:14am Apr 20, 2020 9:14am
Quoting LauraT
{quote} The entry should be at or near the upper band for shorts. Are you asking where to get short or have I misunderstood?
Nope, my mistake - I was highlighting what I thought were buy entries when I should have been looking for sells!
  • #143
  • Apr 20, 2020 9:18am Apr 20, 2020 9:18am
Very quick scalp on E/U after work
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  • #144
  • Apr 20, 2020 9:19am Apr 20, 2020 9:19am
Quoting BWilliam
Ucad scalp on stretched bar. {image}
Nice scalp BW
Master your Mind,,,Master the Market
  • #145
  • Apr 20, 2020 9:24am Apr 20, 2020 9:24am
Hi LauraT

Iv'e had a couple of successful trades today but more importantly I've watched many good setups that worked out well.

I can see this has lots of potential and will keep learning with great interest.

Thanks for your work

Martin
  • #146
  • Apr 20, 2020 9:28am Apr 20, 2020 9:28am
Quoting LauraT
For anyone having issues using the RSI tool, I have attached an alternative. Settings are 240,1440,10080,0,500 - that will give you a historical picture of the RSI value but the current value is also visible in the indicator window. Hope this helps. Laura {file}
Thanks for sharing your system, you are appreciated.

I tried the system both on M5 and H4 TF, the outcome looks interesting.
  • #147
  • Apr 20, 2020 9:28am Apr 20, 2020 9:28am
Quoting ukmartin
Hi LauraT Iv'e had a couple of successful trades today but more importantly I've watched many good setups that worked out well. I can see this has lots of potential and will keep learning with great interest. Thanks for your work Martin
Thanks for letting me know how it's going, Martin. Really happy that things have started positively for you
  • #148
  • Apr 20, 2020 10:13am Apr 20, 2020 10:13am
I see you guys picking up quickly, keep it going?!
  • #149
  • Apr 20, 2020 10:23am Apr 20, 2020 10:23am
Quoting Patje
I see you guys picking up quickly, keep it going?!
Yes, many persons here are logged on I see and active,this thread has been nothing but success since started,lets hope it continues with this momentum like gold

Are you the student of Laura's system? She says you learnt well,we're happy to have successful and experienced traders,even new ones too.I'm trading from the Caribbean,you can say i'm a full time trader,but IT management is my profession.Thank for everything so far. Stay home and trade!
  • #150
  • Apr 20, 2020 12:08pm Apr 20, 2020 12:08pm
This was an aggressive trade I took earlier.

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It turned out great but you'll notice that it 'broke the rules' and it's only fair I 'fess up to doing so lol.

I anticipated a channel failure and pulled the trigger while price was at the bottom of the channel. Pretty naughty.

Wanted to post that to show those who might be learning that we all make decisions which could be improved. It's ok and no need to beat yourself up over it. Sure, the trade turned out fine but remember we are separating outcome from execution. It was a well managed trade with a good outcome but the execution was poor.
  • #151
  • Apr 20, 2020 12:13pm Apr 20, 2020 12:13pm
I'm kinda overwhelmed with all the positivity and good wishes in the short time this thread has been active. To those people, and to those who are subscribing and contributing, sincere thanks. If this thread manages to help even just one person it will be effort well spent.

I promise I'll do all I can to keep the thread active, updated and positive.

Have a good night folks

Laura
  • #152
  • Apr 20, 2020 12:33pm Apr 20, 2020 12:33pm
Giving it a test drive.
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  • #153
  • Apr 20, 2020 12:36pm Apr 20, 2020 12:36pm
Quoting LauraT
This was an aggressive trade I took earlier. {image} It turned out great but you'll notice that it 'broke the rules' and it's only fair I 'fess up to doing so lol. I anticipated a channel failure and pulled the trigger while price was at the bottom of the channel. Pretty naughty. Wanted to post that to show those who might be learning that we all make decisions which could be improved. It's ok and no need to beat yourself up over it. Sure, the trade turned out fine but remember we are separating outcome from execution. It was a well managed trade...
In my research I found that in most times at inflection point there'll be execution windows available depending whether they're v or u shaped. Aggressive execution exposes the trade to higher potential cost. Anyway there're 2 possible executions after your entry. Just want to point this out.
Know what you trade
  • #154
  • Apr 20, 2020 12:43pm Apr 20, 2020 12:43pm
Quoting BWilliam
{quote} In my research I found that in most times at inflection point there'll be execution windows available. Aggressive execution exposes the trade to higher potential cost. Anyway there're 2 possible executions after your entry. Just want to point this out.
Absolutely. It was poor discipline.

Which is exactly why I posted it. I think sometimes people who are struggling look at all the 'perfect' trades that are posted and think there is no way on earth they will reach that level. But sometimes we all (ok, I can only speak for myself here lol) press the button at inopportune moments.
  • #155
  • Apr 20, 2020 12:45pm Apr 20, 2020 12:45pm
Quoting LauraT
{quote} Absolutely. It was poor discipline. Which is exactly why I posted it. I think sometimes people who are struggling look at all the 'perfect' trades that are posted and think there is no way on earth they will reach that level. But sometimes we all (ok, I can only speak for myself here lol) press the button at inopportune moments.
Me guilty as well. Lol
Know what you trade
  • #156
  • Apr 20, 2020 12:51pm Apr 20, 2020 12:51pm
Took this buy trade on GPB/NZD from the H4 chart.

However I noticed the channel is still approaching the SMA.... did I entered this one too early?

Appreciate all the support in this thread!

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  • #157
  • Apr 20, 2020 1:01pm Apr 20, 2020 1:01pm
Quoting FlyingCat
Took this buy trade on GPB/NZD from the H4 chart. However I noticed the channel is still approaching the SMA.... did I entered this one too early? Appreciate all the support in this thread! {image}
One thing you might have in your favour is that price is near ADR Low and could rise from here.

However, I would generally say there will be better trades out there if you apply the rules. Not saying this is an invalid trade, it's actually similar to the type of thing I'd seek out. But it's perhaps a little advanced compared to channel trades or channel failures, being neither of those. There's every chance it might turn into a channel failure but, by that time, you'd have a bit more confirmation of the up move.

Hope this helps.
  • #158
  • Apr 20, 2020 1:04pm Apr 20, 2020 1:04pm
Quoting FlyingCat
Took this buy trade on GPB/NZD from the H4 chart. However I noticed the channel is still approaching the SMA.... did I entered this one too early? Appreciate all the support in this thread! {image}
Yes quite early, for a longer term trade, adr low is there but its more intraday... And theday is about to end.....
Edit:
Laura beat me haha
  • #159
  • Apr 20, 2020 1:05pm Apr 20, 2020 1:05pm
Quoting Patje
{quote} Yes quite early, for a longer term trade, adr low is there but its more intraday... And theday is about to end..... Edit: Laura beat me haha
At least we think alike
  • #160
  • Edited 1:21pm Apr 20, 2020 1:11pm | Edited 1:21pm
Quoting FlyingCat
Took this buy trade on GPB/NZD from the H4 chart. However I noticed the channel is still approaching the SMA.... did I entered this one too early? Appreciate all the support in this thread! {image}
The Comprsi is stuck at the bottom. Just be patient to wait it rise towards 50 level.

Just checked, it can potentially go down to 2.0400 for a H4 swing trade.
Know what you trade
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